Palisades Home Sales Q1-2024
Palisades Home Sales in Charlotte, NC
Real Estate Report & Neighborhood Spotlight: Quarter 1 – 2024
Palisades home sales Q1-2024 saw a significant increase in average and median home sale prices, up 22% and 20% respectively, compared with the same quarter one year ago. The price per square foot of $217 increased 14% year-over-year. The list to sale price ratio has remained relatively steady at 98.4%. The days on market increased to 52 days from 49 days one year ago. The number of homes sold in the First Quarter 2024 declined by four properties year-over-year. With just 1.1 months of inventory, The Palisades remained in home seller “territory” in Q1-2024. Lack of inventory put pressure on home prices.
PALISADES HOME SALES QUARTER 1 – 2024 SNAPSHOT
MEDIAN SALE PRICE TRENDS FOR HOMES IN THE PALISADES
(ROLLING 12 MONTHS)
To track sales in The Palisades “real time,” click here for our Neighborhood Analyzer Report and sign up to automatically receive reports on Palisades home sales.
Regency at Palisades, Regency at Palisades is an exclusive, not age-restricted, active adult community situated within the Palisades neighborhood. Catering to the needs and preferences of mature adults, Regency at Palisades offers a luxurious and vibrant lifestyle set against the backdrop of the scenic Lake Wylie area. Designed with discerning adults in mind, Regency at Palisades features a range of upscale amenities and resort-style facilities aimed at promoting an active and social lifestyle. Regency at Palisades provides active adults with a dynamic and enriching living experience, combining luxurious amenities, scenic surroundings, and a vibrant social atmosphere. Whether enjoying a round of golf, attending a fitness class, or simply relaxing by the pool, residents of Regency at Palisades find themselves immersed in a fulfilling and rewarding lifestyle tailored to their unique needs and preferences.
Regency at Palisades experienced a softening in both average and median home sale prices compared with the same quarter one year ago. The average price per square foot of $295 increased 6% year-over-year. The number of properties sold was down compared with one year ago, due primarily to the fact that new construction had been completed in this part of The Palisades. Average days on market increased from the same quarter one year ago. At 222 days, it was also the highest number of days on market we saw in the past 12 months. But it should be pointed out that remaining new construction homes that hadn’t sold in 2023 skewed the DOM statistic. The list to sale price ratio just under 98.39% declined 4% from one year ago (flat compared with one quarter ago), providing Regency at Palisades home buyers a small window of opportunity to negotiate price. The 2.0 months of inventory in Regency at Palisades kept this neighborhood in home seller “territory” in Q1-2024.
REGENCY AT PALISADES HOME SALES QUARTER 1 – 2024 SNAPSHOT
MEDIAN SALE PRICE TRENDS IN REGENCY AT PALISADES
(ROLLING 12 MONTHS)
To track sales in Regency at Palisades “real time,” click here for our Neighborhood Analyzer Report and sign up to automatically receive reports on Palisades home sales.
WHAT TO KNOW ABOUT THE PALISADES IN CHARLOTTE
The Palisades is a 1,600 acre master planned community in Southwest Charlotte, just off of Hwy 49 and situated around Lake Wylie, Charlotte area’s second largest lake. The Palisades is known for its stunning waterfront properties, lush greenery, and upscale lifestyle. Homes in The Palisades range in price from the mid-$400,000’s to over $1.5 million, with prices averaging in the higher $600,000’s. Homes range in size from 2,400+ square feet to over 5,000 square feet. Builders have included Niblock, Toll Brothers, Lennar Homes, Ryland, Standard Pacific, Shea Homes, St, Lawrence, and custom builders (Harris Construction, Kingswood, Jordan James, Stanley Martin, Arcadia, amongst others). Homes were first built in 2005 and there is still new construction in The Palisades today.
The Palisades community is comprised of some 20 neighborhoods. These include: Ashton Oaks (custom homes); Austin’s Creek; Bear Creek (gated); Briar Cliff; Crosshaven; Eagles Landing (gated); Highcliff; Lantern; Marbella; Montage; Morningside; Regency at Palisades; Rusty Creek; The Ranch (gated equestrian neighborhood); Treetops (custom homes); Turtle Point; Westerham (gated 11 home enclave); Whispering Pines.
Community amenities for all residents in The Palisades include a Clubhouse, outdoor pool, playground, tennis courts, walking trails. Additional private, membership amenities include the Palisades Country Club, which features an 18-hole Jack Nicklaus Golf Course, a Tim Wilkinson Sports complex with grass tennis courts, hard tennis court, clay courts; a yoga center, state of the art fitness center; dining options. Palisades Park offers soccer fields. There’s also an equestrian center and the Catawba Yacht Club, the Carolina Boat Club. The 1,132 acre McDowell Nature Preserve is also minutes away. This is resort-style living at its best.
One of the defining features of the Palisades is its proximity to Lake Wylie, a 13,400-acre reservoir known for its recreational activities such as boating, fishing, and water sports. Residents of The Palisades enjoy easy access to the lake, allowing them to indulge in a range of outdoor adventures right in their backyard.
Overall, The Palisades neighborhood offers a tranquil retreat from the hustle and bustle of city life, while providing residents with an unparalleled combination of luxury living, natural beauty, and community amenities. Whether enjoying a round of golf, relaxing by the lake, or exploring the surrounding area, Palisades residents find themselves immersed in a lifestyle that truly embodies the essence of Charlotte living.
CLOSE TO EVERYTHING CHARLOTTE HAS TO OFFER
With just a 30-minute ride to Uptown Charlotte, residents easily enjoy theatre, professional sports, ballet, opera, symphony and a plethora of dining options, museums and more. Local shopping is just 10 minutes away at the Rivergate Shopping Center. Baxter Town Center is just 15 minutes away. Charlotte Premium Outlets and Berewick Town Center are also just 15 minutes away from The Palisades. All the amenities and shopping in Charlotte’s upscale South Park area are just under 30 minutes away.
SEARCH FOR HOMES FOR SALE IN THE PALISADES
SEARCH FOR REGENCY AT PALISADES HOMES FOR SALE
SEARCH FOR CHARLOTTE GOLF COURSE COMMUNITY HOMES
SEARCH FOR HOMES IN SOUTHWEST CHARLOTTE
WONDERING WHAT YOUR 28278 ZIP CODE OR PALISADES HOME IS WORTH?
FREE Home Seller Guide: “Things To Consider When Selling Your House”
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